What is block booking and is it legal today?
What will be an ideal response?
Block booking is illegal today as the Supreme Court declared the practice illegal. Studios forced rental agencies (theatre owners) to pay for a group of films (a block) thus giving the studio a guarantee of a financial return on any film. The theatre owner was required to rent a block of films in order for the studio to agree to distribute the one "A" film that audiences wanted to see. Studios sold their films in packages on an all-or-nothing basis. This made it extremely difficult for independent producers of films to get their movies into theatres.
You might also like to view...
A fifteen year old minor signs a sales contract to purchase real property. Can the minor disaffirm the contract?
A. Yes, while under age and for a certain period of time after reaching legal age. B. Yes, only with the consent of the seller. C. No, only the seller may void the contract. D. No, the contract is valid and enforceable.
Assuming the following returns and corresponding probabilities for asset A, compute its standard deviation and coefficient of variation
What will be an ideal response?